Your Path to more Sustainability
The DFGE Climate Strategy
With the Corporate Sustainability Reporting Directive (CSRD) coming into force, a climate strategy, measurable climate targets and the specification of measures for their concrete implementation will become a legal obligation for most companies. The aim of the climate strategy is to continuously reduce CO2 emissions throughout the company and its value chain.
The reporting requirements are described in the associated European Sustainability Reporting Standards (ESRS). If the double materiality analysis shows that climate protection is material for the company, reporting must be in accordance with the disclosure requirements (DR) and application requirements (AR) described in ESRS E1. The company must disclose the SBT/Net-Zero targets it has set itself and how it will continuously reduce these along its entire value chain by reducing its CO2 emissions in order to achieve the 1.5 °C target of the Paris Agreement.
- CSRD with DFGE
- Product Carbon Footprint with DFGE
- Science-based Targets with DFGE
- Net-Zero Ziele with DFGE
- Blogpost: Climate Strategy
- Whitepaper: Climate Stratgey
- Case Study: Arburg GmbH & Co. KG
- Case Study: Sauter Germany
How DFGE can support?
Together with our customers, we take one step at a time:
- Hot spot analysis
- Identification of decarbonization levers in scopes 1, 2 and 3
- Derivation of reduction potentials and possible measures
The first step in developing CO2 reduction measures
A climate strategy basically includes a company’s ambitions and specific climate targets, as well as its decarbonization plan to continuously reduce CO2 emissions along its value chain. The basis and central starting point is the determination of the company’s greenhouse gas emissions (GHG) in Scope 1, 2 and 3 (Corporate Carbon Footprint – CCF). The first step on the way to reducing CO2 emissions is a hotspot analysis of the CCF, in which the emissions in the individual categories are assessed in terms of their quantity and influenceability. As soon as there is transparency on this, the most important reduction levers are identified and reduction potentials are estimated. The results of a decarbonization analysis are concrete possible measures for reducing CO2 emissions.
Continuously optimize your carbon footprint
Based on the results of the decarbonization analysis, the Climate Action Plan is developed in a second step as an action plan for implementing the identified reduction potential. But what are the right measures for more climate protection and how should they be prioritized? And what effect can they actually be expected to have? The DFGE Climate Action Plan is a tool that is used to identify all climate-relevant impacts with the involvement of the relevant stakeholders in the company and to develop a clear and robust plan for CO2 reduction. A KPI dashboard helps to keep track of and control the implementation of the action plan. Synchronization with existing climate targets (e.g. Science-Based Targets (SBT)) takes place.
If you have already set climate targets and/or are subject to future regulatory requirements such as the Corporate Sustainability Reporting Directive (CSRD), we will help you to align the Climate Action Plan in such a way that it can easily be expanded into a Climate Transition Plan at a later date.
- Action plan incl. process for regular evaluation
- Comparison with climate targets (e.g. Science-Based Targets (SBT))
- Consideration of stakeholder requirements
- Development of KPI dashboard
- Integration into the company’s climate strategy / business model
- Transition risks and opportunities
- Financial planning / EU taxonomy
- Anchoring in management and supervisory bodies
- 1.5 °C-compliant reduction targets
Decarbonize your company in compliance with CSRD
The Climate Transition Plan is an integral part of the reporting obligations under CSRD ESRS E1. In a CSRD-compliant Climate Transition Plan, the company’s climate protection efforts must also be placed in the context of its strategy and business model. The explanation and quantification of the necessary investments and financial resources to support the Climate Transition Plan are essential to ensure its actual implementation. The allocated funds must not only include measures for climate protection, but also for adaptation to climate change. The company’s risks and opportunities must be disclosed both with regard to the achievement of the emission reduction targets, including possible transition risks, and with regard to the expected financial impact – including taxonomy-compliant performance indicators. The necessary reductions in greenhouse gas emissions (GHG) to achieve the climate targets – net zero emissions by 2050 must be defined in the form of measurable and comparable targets, known as Science Based Targets (SBT).
Your Advantages
Why DFGE when it comes to Climate Strategy?
- DFGE uses a sound scientific process methodology, rejects blanket calculations and thus counteracts green-washing.
- We support you as the first Science-Based-Targets partner in the DACH region according to international standards such as the ISO standard or the GHG protocol.
- Assessable effort, concrete measures, clear and specific KPIs, and clearly defined responsibilities.
